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By Roderick T. dela Cruz
An official of the National Economic and Development Authority said unemployment rate in the Philippines will not hit a double-digit rate this year, despite the global economic slowdown that forced electronics companies to shed jobs.
SEC okays Globe Telecom’s bond issue worth P4b
By Jenniffer B. Austria
The Securities and Exchange Commission en banc approved Globe Telecom Inc.’s proposed P4-billion bond issue.
By Eileen A. Mencias
The central bank yesterday said there is ample liquidity in the system but warned that the tightening of credit standards will have a negative impact on corporate earnings and eventually on banks.
Govt spending P11b for port development
The government will spend close to P11 billion in different port projects around the country, as a part of the government’s stimulus package to induce economic activities and create jobs amid the global financial crisis.
US think tank sees economic growth slowing down to 2.5% this year
New York-based think tank Global Source sees Philippine economic growth slowing down to 2.5 percent this year from 4.6 percent in 2008 due to the global financial crisis.
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